Indian Government on Privatisation Spree: Too Little, Too Late?

Indian Government on Privatisation Spree: Too Little, Too Late?

Posted by: on Dec 2, 2019 | No Comments

The global economic slowdown has reached Indian shores. Almost every major financial institution has slashed the country’s growth forecast. In October, the IMF revised its GDP growth forecast for fiscal 2019 from 7% to 6.1%. If that wasn’t

Will Trumponomics Drive America into Another Recession?

Will Trumponomics Drive America into Another Recession?

Posted by: on Jul 2, 2018 | No Comments

The Trump economy received an “important endorsement” from Fed Chairman Jay Power, who said, “The US economy is in great shape…Most people who want to find jobs are finding them,” said an article published by Yahoo Finance on June

This is What Happens When There’s No Government Control

This is What Happens When There’s No Government Control

Posted by: on Dec 5, 2017 | No Comments

Bitcoin, a decentralized digital currency, has recorded meteoric growth over the past few years. In fact, no other asset in history has ever delivered such phenomenal growth. The reason? This currency is not issued, regulated or controlled by any

Landmark GST Bill Opens India to a Common Market System

Landmark GST Bill Opens India to a Common Market System

Posted by: on Aug 20, 2016 | No Comments

Somewhere along the path of errors comes a cumulative benefit. India has passed the much-awaited Goods and Services Tax (GST). The Indian Parliament voted 197 in favour of this bill with none against in the Rajya Sabaha. This bill is being hailed as a landmark tax reform and the biggest since Independence. Under the new bill, the existing system of Value Added Tax (VAT)

Bitcoin: Herald for Free Markets?

Bitcoin: Herald for Free Markets?

Posted by: on Jul 27, 2016 | No Comments

Imagine a currency that does not belong to any one country, owes no allegiance to geographical or political borders and exists only in virtual form. Now imagine the impact on the economies of the world when confronted by this relative newcomer in the currency category. Today, bitcoin is the most widespread Internet currency. It is

Brexit: The Biggest Political Betting Event So Far

Brexit: The Biggest Political Betting Event So Far

Posted by: on Jul 12, 2016 | No Comments

The initial surprise over Brexit led to an outbreak of political betting. Coming close on the heels of the landmark Britain’s Leave Campaign was a flurry of activity aimed at either conserving wealth or an attempt to create wealth over the outcome of

Crony Capitalism is on a Decline

Crony Capitalism is on a Decline

Posted by: on Jun 10, 2016 | One Comment

Crony capitalism is on a decline, according to the Economist’s index of crony capitalism created in 2014. The Economist index shows that in 2016, Russia has the highest amount of crony capitalism; crony sector wealth constitutes 18% of Russia’s GDP, out of

Mohegan Sun Group Wins License to Open Casino in South Korea

Mohegan Sun Group Wins License to Open Casino in South Korea

Posted by: on Mar 30, 2016 | No Comments

The Mohegan Tribal Gaming Authority, along with KCC Corp, a South Korean chemicals manufacturer, won a bid to develop the Inspire Integrated Resort at Incheon, located west of Seoul, the capital city of South Korea. The Inspire Integrated Resort

Apple vs the FBI – A Case of Privacy vs Security

Apple vs the FBI – A Case of Privacy vs Security

Posted by: on Mar 16, 2016 | No Comments

On December 2, 2015, two terrorists, Syed Rizwan Farook and his wife Tashfeen Malik, killed 14 people and injured 22 others in the city of San Bernardino, California. The couple were shot dead by the police in a shootout following a chase.

Brazil on the Path to a Different Revolution

Brazil on the Path to a Different Revolution

Posted by: on Nov 18, 2015 | No Comments

Brazil was considered to have the sixth largest economy in the world, both by nominal GDP and purchasing power. In 2012, its economy surpassed the United Kingdom, and Forbes ranked the country as being home to the fifth largest number of